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Papua New Guinea - Development policies and prospects for the 1980's, Volume 1
 
Country:Papua New Guinea; Date Stored:2006/08/17
Document Date:1982/01/31Document Type:Publication
SubTopics:E-Government; Economic Theory & Research; E-Government; Banks & Banking Reform; Economic GrowthLanguage:English
Major Sector:(Historic)Economic PolicyRegion:East Asia and Pacific
Report Number:PUB3544Sub Sectors:(Historic)Macro/non-trade
Collection Title:A World Bank country studyVolume No:1

Summary: Papua New Ginea has rich natural resources, but although much has been achieved in the enclave style exploitation of copper and gold, promotion of economic stability, and the establishment of a planning system, growth has been slow in the agriculture, forestry and fishery sectors. Weak support services for smallholders, shortages of trained manpower, lack of land available on secure terms, and relatively high unskilled wages are key constraints. Suggested measures to ameliorate these problems are reorganization of support services, revisions to the land laws, encouragement of additional private capital and manpower, increased and more efficient education and training programs, and steps to soften the impact of minimum wage laws. Industry will be an increasingly important source of employment, and a better articulated industrial policy is needed.

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